A strong call has gone to the Federal Government to hands off all the refineries to the private sector.
The call came from gas, refining, and petrochemicals experts who operate under an institute at the University of Port (UNIPORT) Harcourt.
Nigeria had once sold off the refineries but public pressure led by Labour forced the FG to re-acquire them, but they have remained comatose all this while.… Read the rest
Oil prices edged up on Monday, recouping some of the losses suffered at the end of last week, as investors focused on a tight global supply outlook. At the same time, a last-minute deal that avoided a US government shutdown restored risk appetite.
According to Reuters, Brent December crude futures rose 25c, or 0.3%, to $92.45 a barrel by 4.15am GMT (6.15am) after falling 90c on Friday.… Read the rest